ISTANBUL
US equities delivered a mixed performance Tuesday as investors kept their attention fixed on the Federal Reserve’s upcoming interest rate decision.
The Dow Jones Industrial Average slipped 0.38% (179.03 points) to finish at 47,560.29, while the S&P 500 eased 0.09% (6 points) to close at 6,840.51. In contrast, the Nasdaq inched up 0.13%, gaining 30.58 points to end the day at 23,576.49.
Market sentiment largely centered on expectations for the Fed’s policy announcement due Wednesday. CME FedWatch data showed that traders now assign more than an 87% probability to a quarter-point rate cut, with the benchmark policy rate currently sitting in the 3.75%–4% range.
US President Donald Trump affirmed that supporting immediate rate cuts is indeed a criterion for selecting the next Fed chair. He also revealed that Nvidia’s H200 chips would be cleared for sale to approved customers in China and elsewhere, provided strict national security conditions are met. Trump added that the government would receive a 25% share from such sales — a framework he said would extend to AMD, Intel and other major US firms.
Nvidia shares initially rose on the announcement but reversed course after reports emerged that China may move to limit or halt domestic firms’ purchases of the chips.
JPMorganChase shares declined more than 4.6% following comments from Consumer and Community Banking CEO Marianne Lake, who signaled higher-than-anticipated expenses for the coming year.
In the commodities space, silver miners surged as silver prices climbed more than 4.4%. Pan American Silver soared over 11%, Santacruz Silver Mining jumped 8.9%, and Abrasilver Resource added 5.3%.
On the economic front, ADP data showed US private payrolls increased by an average of 4,750 positions per week over the four weeks ending Nov. 22, marking a rebound from earlier declines. Separately, October job openings reached 7.7 million — beating expectations — according to the Labor Department’s JOLTS report.
Source: Newstimehub
